This blog is my trading diary. It is an attempt to organise my analysis and thoughts. I follow the charting methods given in JUST NIFTY blog by Ilango sir and so the charts would have striking resemblance to his charts. I am indebted to Ilango sir for having made this blog possible for me.

January 10, 2014

NIFTY ANALYSIS

TATAMOTORS UPDATE


Nifty managed to close exactly at Day LEMA but below 50DMA.

The present Week LEMA is 6155 - would change if new lows are being made today. Today being the End of Week, if today's close is below Week LEMA, then more downsides would follow. If Supported at 6150 levels, and Nifty closes above Week LEMA - then again a small consolidation is likely for the next week.


























TRADE
STOPLOSS
 REASON 
Sold @ 6210NS/6235NF on 3rd&6th jan EOD close above 50 DMA Weekly channel Breakdown
partbook near 6120-6130 levels
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